I used to be big on the idea of crypto currencies for the sake that you could theoretically profit off of the false speculations of others. However, I'm not too sure that any of the other forms of cryptocurrency outside of Bitcoins really have any shot at success, so there's hardly much use or value in trading between them in my mind. Even then, Bitcoins really only ever seemed useful if you had some reasons for wanting to stay anonymous (such as buying illegal stuff online), so most people don't have any good reason to have Bitcoins.
I'm here to tell you that you've got no idea what you're talking about.
Firstly, bitcoin has a next to zero chance at long-term success (10 years). So, you're wrong about that. In bitcoins current state, as a biproduct of being victim to a zero-sum game, its only tangible use is as a store of value. This is akin to precious metals, such as gold. This works because it is non-inflationary, as I am sure you are aware. However, it is not at all scalable for mainstream usage by any stretch of the imagination. Blocksizes of 1mb are an absolute joke, and the ridiculous transaction fees and times will be the death of bitcoin in short order.
Hard forked coins such as BCH (Bitcoin Cash) are also a joke, and will only bring on the death of bitcoin sooner as they only highlight in more detail how toxic the volatility and internal politics of bitcoin are for the wider cryptosphere. An 8mb blocksize is not good enough, despite what Jihan Wu and Roger Verr with their stuffty mining pool manipulation will tell you. In order to actually scale for what I predict real-terms future blockchain valuation will be you would need something closer to 1GB blocksize. This is just a hilarious prospect as the current blockchain is already a good few hundred GB, and turning each individual block into 1GB would just be a stuff show like never before.
Also, people use bitcoin to stay anonymous? What kind of people are these? are they like you? as in, do they know literally nothing about bitcoin? the entire ledger is public. what are you talking about. people use xmr for anonymity, not btc. the only reason btc is used to purchase things like drugs on dark-net marketplaces is because it's kinda difficult to prove that you made that transaction explicitly for drugs. but that's only because you're (hopefully) using something like tails and pgp, not loving bitcoin lmao. the fbi can still easily find out who you are, all they need is 30 minutes of time.
Short- and mid-term speculation on bitcoin is still a solid investment strategy however. I just wanted to point out that 'other forms of cryptocurrency outside of bitcoins really have no shot at success' is a ludicrous and entirely wrong assertion to make. Also, 'bitcoins' ... lol.
Blockchain is a fantastic technology and, in the future when use-cases are fully realised, will be worth billions to possibly trillions. Supplychain cryptocurrencies are already proving themselves with solid conceptualised use-cases such as Vechain, Waltonchain and Modum. I recommend you take a look at these, they'll make you money. In fact, Vechain isn't even a 'conceptualised use-case', it's got a working product which combats directly industry counterfeiting. Already huge industry giants are hopping onboard with these comparably tiny start-ups. Why? Because the technology is loving brilliant. I'm also talking about companies such as Renault, Givenchy and IBM: multi-billion giants that do not forget around.
Companies like Amazon will never make use of IoT blockchains admittedly. This is due to their sheer size and sufficient capital to develop their own internal supplychains with their own warehouses, shipping and servers. Most companies simply lack this capability, and purchasing mainnet tokens on (for example) WTC and using these to generate a subchain will provide these companies with a relatively inexpensive supplychain infrastructure immediately. These distributed networks are also entirely trustless and without single points of failure; the incentive for businesses to use these things is massive simply due to the fact that they're a no-brainer, enabled by the technological genius.
I've only touched on one potential use for blockchain (IoT) in this post. There are dozens more, if not hundreds (how should i know?).
I don't know how I came across this post; I'm half-way through a bottle of whiskey.. congratulations you managed to trigger me to the extent where I had to log in to this kiddy forum to post for the first time in years.
anyway, heed some of my advice and buy some of these stuff-coins. try vechain for a start, they're doing pretty good. im balls deep right now. you can buy it on binance.
now where did i put that whiskey...
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